|HSBC Mexico headquarters|
HSBC Mexico S.A. is one of the leading financial institutions in the country. It operates as a subsidiary of Grupo Financiero HSBC, S.A. de C.V. The company offers a wide range of banking products and services including savings and current accounts, personal and auto loans, mortgages, credit and debit cards, mutual funds, investments, life and general insurance, internet banking, and more. It also provides treasury and cash management, international trade services, international payments, trust and brokerage services, corporate finance advisory services as well as private banking. HSBC Group has been operating in Mexico since opening a representative office in the 1970s. In 2000, it acquired Republic National Bank. In 2002, HSBC purchased Grupo Financiero Bital (GF Bital), Mexico's third largest retail bank, for US$1.1 billion. Grupo Financiero Bital was formed in 1992 as a result of a merger between Grupo Financiero Privado Mexicano (Prime) and Banco Internacional. With over 16,000 employees, HSBC Mexico serves 5.6 million customers through a network of more than 970 branches and 5,610 ATMs. As of June 30, 2016, Grupo Financiero HSBC had total assets of MXN 632.655 billion (US$34.2 billion), deposits of MXN 295.892 billion (US$16 billion) and gross loans and advances to customers of MXN 266.786 billion (US$14.4 billion). Grupo Financiero HSBC operates as a subsidiary of HSBC Latin America Holdings (UK) Ltd, a wholly owned subsidiary of HSBC Holdings plc.
Grupo Financiero HSBC subsidiaries:
HSBC México, S.A. Banco
HSBC Seguros, S.A. de C.V. (insurance company)
HSBC Casa de Bolsa, S.A. de C.V. (brokerage firm)
Global Asset Management (México), S.A. de C.V. (asset manager)
HSBC Servicios, S.A. de C.V.
Credit Ratings (September 2016)
|Global scale/Foreign currency||Moody’s||Fitch||Standard & Poor’s|
Ave. Paseo de la Reforma 347
06500 Mexico DF, Mexico
Phone number: +52 55 5721 2222
Fax: +52 55 5721 2626
SWIFT code: BIMEMXMM